Senate Sponsors: MAITLAND-SHAW-MAHAR-JACOBS. Short description: TELE CARRIER-ACCTNG-STOCK Synopsis of Bill as introduced: Amends the Public Utilities Act. Provides that a telecommunication carrier must conform its depreciation accounts to the rates determined by the Commerce Commission for only one calendar year after the determination. Permits a telecommunications carrier to alter depreciation rates in accordance with generally accepted accounting principles. Exempts telecommunications carriers from a provision requiring that notes they issue be payable within 12 months after the date of issuance. Requires the Commerce Commission to resolve proceedings on the basis of written pleadings and submissions that are verified or supported by affidavit. Requires the Commerce Commission to establish, if appropriate, a fund to permit eligible telecommunications carriers whose costs of providing services exceed the affordable rate to receive funds to mitigate the effect on customers resulting from the high costs. Provides that the costs of the established fund be recovered from all carriers on a competitively neutral basis. Provides that only the initial alternative regulation plan applicable to a telecommunications carrier limit the rates for basic residence service. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status